Ironically, the offers we had from private entities to purchase the property were approximately $200k less than the final price.Why was this the case?

They will be instrumental in telling you where to build, how many residents they can handle, and also will give you more accurate estimation on the actual budge to make your pro forma with. 

An estimated 22,000, which at a median home price of $420k is $9 billion in inflationary spending added to the economy.

@Chris Mason Try estimating payoffs on mortgages originated in 2006 on properties in foreclosure now! 

Plus an investor/agent knows and understands the numbers, they can estimate rehabs more accurately as well. 

If you're going to flip, it could work, but you would need to analyze the properly for that approach -- which would included getting detailed and accurate estimate on repair costs. 

It's something Jerry Norton released recently to the public to pull data.Did some quick data comparisons for fun between 2 other platforms I currently use - PropStream and MLS (I'm licensed in Florida)I specifically searched for a handful of On-Market properties (active/closed transactions) and noticed the following:- You can't search for specific properties on PropWire- PropWire data isn't up to date (30+ day discrepancy) compared to PropStream; neither is up to date compared to MLS (3rd party data providers hardly ever are)- PropWire estimated value vastly different from PropStream value (50k+ difference in most instances)- No property photos (yet)Initial thoughts: It's a brand new tool and can't imagine it was gonna be great out of the gate.

This deal is based off a real tax deed auction property in FL:1912 Sq ft 3/2 SFH in Bay County- ARV: $415,101- Estimated Monthly Rent $2,984- based off 6 comps within a 1 Mi radius.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.

Im still using Royal Legal Services and have been for approximately 7 years. 

When calculating rent for a multi-family, does the rent estimator take into account the entire house or is that a per unit estimate?